India's Gold Holdings

https://www.drishtiias.com/daily-updates/daily-news-analysis/rbi-s-gold-reserves Why in News? As per RBI’s Half Yearly Report on Management of Foreign Exchange Reserves: October 2022 - March 2023, its gold reserves touched 794.64 metric tonnes in FY 22-23, an increase of nearly 5% over FY 21-22(760.42 metric tonnes) Gold reserves along with foreign currency assets, special drawing rights and reserve tranche position in the International Monetary Fund make up India’s forex reserves. How Much Gold has RBI Bought? Total Reserves: As per RBI, 437.22 tonnes of gold are held overseas are held with the Bank of England and the Bank of International Settlements (BIS), and 301.10 tonnes of gold is held domestically. https://en.wikipedia.org/wiki/Gold_reserve India Gold 806.7 Tons

Things Of Imporatnce Now

1.Red Sea shipping dangers.Suez shipping costs soar by 300%. www.rt.com Supply chain disruptions www.fortune.com 2.India's December 23,Inflation high at 5.62% 3.Crude price may rise due to item no 1 above.